Cairo- Egyptian ministers emphasized terms including "healthy," "safe" and "sound" to describe the local economy during a two-day Euromoney business conference in Cairo, which concluded Tuesday.
The theme that they conveyed was: "We are not worried."
As panic spreads in markets worldwide amid the international economic slowdown, the local officials laboured to reassure investors about Egypt as a place with ample opportunities.
Washington - Wall Street stocks posted significant losses Tuesday on disappointing profit reports from technology and commodity producers, overshadowing another massive infusion of liquidity by the Federal Reserve.
Metals giant Freeport-McMoRan Copper & Gold Inc reported a 33-per- cent drop in third-quarter earnings. Tech firms Texas Instruments Inc and Sun Microsystems Inc also reported worse-than-expected profits.
Paris - Buoyed by a strong Wall Street showing and the French government's announcment on a capital injection for its banks, shares in Paris were up sharply in early trading on Tuesday.
One hour after opening, the benchmark CAC 40 gained 2.56 per cent, to 3,536.76, with gainers outnumbering decliners by nearly 6 to 1.
Banking stocks led the surge after the French government announced late Monday that it would inject 10.5 billion euros (14 billion dollars) into the country's six-largest financial institutions by the end of the year.
Seoul - Shares plunged Tuesday on the Seoul stock exchange on concerns over the economy despite a government stabilization package worth 130 billion dollars to prop up the troubled financial market. South Korea's currency dropped against the US dollar.
The benchmark Kospi index fell 11.53 points, or 1 per cent, to close at 1,196.1.
Declining issues outnumbered advancers 496 to 325.
The main index of the technology-heavy Kosdaq market declined 2.12 points to 350.97.
Cairo- Egyptian ministers emphasized terms including "healthy," "safe" and "sound" to describe the local economy during a two-day Euromoney business conference in Cairo, which concluded Tuesday.
Washington - Wall Street stocks posted significant losses Tuesday on disappointing profit reports from technology and commodity producers, overshadowing another massive infusion of liquidity by the Federal Reserve.
Paris - Buoyed by a strong Wall Street showing and the French government's announcment on a capital injection for its banks, shares in Paris were up sharply in early trading on Tuesday.
Seoul - Shares plunged Tuesday on the Seoul stock exchange on concerns over the economy despite a government stabilization package worth 130 billion dollars to prop up the troubled financial market. South Korea's currency dropped against the US dollar.
